Many investors who bought shares in South African technology companies at the start of 2022 would have lost money by the end of the year.
We then calculated how much money R1,000 in shares bought in each company at the start of the year would have been worth by the end. Alviva counts several major tech equipment distributors — such as Pinnacle, Tarsus, and Axiz — in its fold, in addition to multiple tech and data-focused companies.A person who bought R1,000 in Alviva shares at the opening of trading on the JSE on 3 January 2022 would find their investment was worth R1,627.55 by the close of trade on 27 December 2022.
A notable loser in the year was EOH Holdings, which recorded a disastrous 44.12% decline in its share price, nearly halving from R6.80 to R3.80.